Mission:To protect depositors and contribute to the stability of the financial system through effective supervision of insured institutions, provision of financial/technical assistance to eligible insured institutions, prompt payment of guaranteed sums and orderly resolution of failed insured financial institutions.

NDIC BOSS BAGS CIVIL SOCIETY’S AWARD

NDIC BOSS BAGS CIVIL SOCIETY’S AWARD

A Coalition of Civil Society Organisations of Nigeria (CCSON) has conferred its 2014 Certificate of Commendation Award on the Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Alh. Umaru Ibrahim.

At the award conferment ceremony in Abuja, the President of the association, Comrade Bassey Williams Etuk said the organisation’s prestigious award was conferred on the NDIC Boss in recognition of the enviableand purposeful leadership which he had brought to bear in the management of the Corporation. His words: “Part of our observations which informed this award were transparency, professionalism, proactive decisions, teamwork and above all, the effective delivery of the NDIC mandates which our organisation had noticed. This seems to be uncommon in our nation today, and as such, we have chosen to celebrate it to serve as a model to others, realising that Nigeria is blessed with virtually everything but leadership”.

Comrade Etuk said the national award was instituted two years ago by the national body of over 290 civil society organisations (CSOs) as a platform to work with public institutions towards enhancing good governance and promoting efficient service delivery to the citizenry. He pointed that the institution of the award marked a departure from the past when it seemed that CSOs saw nothing good in government and its agencies to an era of identifying and recognising public officers and institutions discovered to have an edge in service delivery.

“To this end, we are proud to tell the world, and especially the Nigerian people that today, transformation is working in NDIC as championed by the MD/CE. In particular, depositors’ moneys (in banks) are now safe and that the issue of mismanagement in deposit money banks and microfinance banks is now a thing of the past”, Etuk submitted.

In his response, while receiving the award, Alh. Umaru Ibrahim expressed his gratitude to the CCSON for noticing and appreciating the humble contributions of the NDIC to the safety, soundness and stability of the nation’s financial system. He pointed out that the award would motivate Corporation to work harder toward realising its core values of honesty, respect & fairness, discipline, professionalism & team work and passion.

The NDIC Boss who paid glowing tribute to the Corporation’s founding fathers and described its current landmark achievements as an“offshoot” of their solid foundation. According to him, what Nigeria needed were not individuals but strong institutions that would leave legacies of a highly committed and professional workforce.

While promising to foster closer working relationship with the CSOs who the MD/CEO described as the mouth piece of the poor and unsophisticated depositors that the Corporation was established to protect, Alh. Ibrahim said the Corporation would collaborate with the civil society groups in championing its public awareness, financial literacy, financial inclusion,consumer protection and sustainable banking campaigns. He also said the Corporation would organise a special workshop every other year for the civil society organisations in order to sensitize them on the NDIC’smandate and activities.

In her closing remarks, NDIC’s Executive Director, Corporate Services, Hon. (Mrs) Lola Abiola-Edewor commended the civil society organisations for the award which she said was in recognition of the Corporation’s purposeful leadership and committed workforce.

The NDIC Managing Director/Chief Executive, Alh Umaru Ibrahim was presented with the 2014 Certificate of Commendation by the Coalition of Civil Society Organisations in Nigeria (CCSON). Alh Ibrahim (1st left) holding and admiring the insignia of the Commendation Certificate while the CCSON President, Comrade Bassey Williams Etuk (middle) and Publicity Secretary, Hon. Olayemi Success watch with admiration at the ceremony in Abuja.